Ken & Dorothy Mitchell Land Auction

Yuma County, CO 862.9 Acres

Overview

Overview

SUCCESSFUL AUCTION!
Auction Bids: $1,130,000
(#1:) 130 ac irr CREP eligible @ $28,000/yr/15 yrs: $350,000
(#2:) 130 ac pivot irr: $530,000
(#3:) 557 ac pasture: $250,000

The Mitchell family is offering 862.9+/- acres of Yuma County pivot irrigated and pasture for sale at the Ken & Dorothy Mitchell Land Auction. 260.3+/- acres are pivot irrigated and will be offered in 2 separate parcels and 557+/- acres of pasture to be offered for sale as 1 parcel. The properties are located in West Central Yuma County, CO. From Yuma, CO, Parcel #1 is located 11 mi S, 1/2 mi E. From Yuma, CO, Parcels #2 & #3 are located 12 mi S, 9 mi E, 1/2 to 1 mi S. Buyer(s) will have possession for 2020 growing season of both the pivot irrigated and pasture. Parcel #1 is eligible for the CREP program which pays $218/irrigated acre/year for 15 years (Payment $28,000/year). The water for the irrigated is provided by 2 irrigation wells with pumps via 2 Valley pivots. Pasture is fenced with 2 submersible wells.

Register for online bidding in advance. Download Reck Agri app from Apple App store or Google Play OR visit www.reckagri.com

Location

  • Yuma County, CO
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Quick Facts

  • KEN & DOROTHY MITCHELL LAND AUCTION RESCHEDULED
  • ONLINE ONLY TIMED LAND AUCTION WITH RESERVE
  • Bidding opens: Wednesday, April 22 @ 8:00 am MT
  • Bidding ends: Friday, April 24 @ 12 noon MT
  • PROPERTY TO OFFERED AS 3 SEPARATE PARCELS
  • 862.9+/- acres

  • Parcel #1: 152.0+/- ac w/130.1+/- ac pivot irr;
  • Valley pivot w/well
  • Eligible for CREP program - $218/irr ac/yr for 15 yrs, Pmt $28,000
  • From Yuma, CO, 11 mi S, 1/2 mi E
  • STARTING BID: $350,000

  • Parcel #2: 153.9+/- ac w/130.2+/- ac pivot irr;
  • Valley pivot w/well
  • From Yuma, CO, 12 mi S, 9 mi E, 1/2 mi S
  • STARTING BID: $500,000

  • Parcel #3: 557.0+/- ac pasture, fenced, 2 submersible wells
  • From Yuma, CO, 12 mi S, 9 mi E, 1 mi S
  • STARTING BID: $250,000

  • West Central Yuma County, CO
  • Possession for 2020 growing season
  • Register for online bidding in advance.

Property Details

Property Details

Color Brochure Detail Brochure Bidder Approval Request

Parcel Descriptions

Page numbers on the descriptions below refer to the Detail Brochure which can be found on the property web page.

PARCEL #1 - PIVOT IRRIGATED:

LEGAL DESCRIPTION: SE1/4 of Section 13 less a tract, Township 1 South, Range 48 West of the 6th PM, Yuma County, CO. See Pages 21-30 for legal description, title commitment, and title exceptions.

ACREAGE:
130.1+/- Acres Pivot Irrigated
21.9+/- Acres Grass Corners
152.0+/- Total Acres

LAND TENURE: See Soils Map on Page 10

TAXES:
2019 real estate taxes payable in 2020 are: $1,224.68
CGMD Assessment: $19.50
RRWCD Assessment: $1,885.00

FSA INFORMATION: FSA base: 130 ac corn w/185 bu PLC yield.

IRRIGATION WATER & EQUIPMENT: Irrigation Well Permit #20998-FP adjudicated for 325 ac ft. See Pages 13-16 for copy of well permit, final permit, water map, and recent well test. Irrigation equipment includes 100 hp GE electric motor, pump & 1998 7 tower Valley pivot.

COMMENTS: Eligible to enroll in CREP program @ $218/irr ac for 15 years ($28,000+ annual  payment);

STARTING BID: $350,000

 

PARCEL #2 - PIVOT IRRIGATED:

LEGAL DESCRIPTION: Tracts in Sections 28, 29, & 32, Township 1 South, Range 46 West of the 6th PM, Yuma County, CO. See Pages 31-81 for legal description, title commitment, and title  exceptions.

ACREAGE:
130.2+/- Acres Pivot Irrigated
23.7+/- Acres Grass Corners
153.9+/- Total Acres

LAND TENURE: See Soils Map on Page 11

TAXES:
2019 real estate taxes payable in 2020 are: $1,197.68
CGMD Assessment: $48.00
RRWCD Assessment: $1,844.64

FSA INFORMATION: FSA bases: 130 ac corn w/185 bu PLC yield.

IRRIGATION WATER & EQUIPMENT: Irrigation Well Permit #17841-FP adjudicated for 400 ac ft. See Pages 17-20 for copy of well permit, final permit, water map, and recent well test. Irrigation equipment includes 100 hp US electric motor, pump & 2003 8 tower Valley pivot;

COMMENTS: Property is being sold subject to Effuent easement and pipeline to deliver effluent to the pivot. See Page 51-55. Said easement is to be extended.

STARTING BID: $500,000

 

PARCEL #3 - PASTURE:

LEGAL DESCRIPTION: Tract is Sections 28, 32, & 33, Township 1 South, Range 46 West of the 6th PM, Yuma County, CO.
See Pages 31-81 for legal description, title commitment, and title exceptions.

ACREAGE: 557.7+/- Acres Pasture

LAND TENURE: See Soils Map on Page 12

TAXES: 2019 real estate taxes payable in 2020 are: $595.28

IRRIGATION WATER EQUIPMENT: 2 Submersible wells.

IMPROVEMENTS: 20’ X 60’ L/S shed.

COMMENTS: See the map for approximate location of fences that are off of the property and onto to the adjoining landowner.

STARTING BID: $250,000

 

Auction Terms

Auction Terms

Terms & Conditions of Sale

DETAIL BROCHURE
KEN & DOROTHY MITCHELL AUCTION
Bidding Opens: April 22, 2020, 8 AM MT
Bidding Closes: April 24, 2020, 12 noon MT
PRINTED: April 17, 2020

PROPERTY OVERVIEW: The Mitchell family is offering 862.9+/- acres of Yuma County pivot irrigated and pasture for sale at the Ken & Dorothy Mitchell Land Auction. 260.3+/- acres are pivot irrigated and will be offered in 2 separate parcels and 557+/- acres of pasture to be offered for sale as 1 parcel. The properties are located in West Central Yuma County, CO. From Yuma, CO, Parcel #1 is located 11 mi S, 1/2 mi E. From Yuma, CO, Parcels #2 & #3 are located 12 mi S, 9 mi E, 1/2 to 1 mi S. Buyer(s) will have possession for 2020 growing season of both the pivot irrigated and pasture. Parcel #1 is eligible for the CREP program which pays $218/irrigated acre/year for 15 years (Payment $28,000/year). The water for the irrigated is provided by 2 irrigation wells with pumps via 2 Valley pivots. Pasture is fenced with 2 submersible wells.

ONLINE BIDDING PROCEDURE: The Ken & Dorothy Mitchell property will be offered for sale in 3 parcels. BIDDING WILL BE ONLINE ONLY. Bidding will open @ 8:00 am MT on April 22, 2020. The auction will “soft close” @ 12:00 noon MT on April 24, 2020. Bidding remains open on all parcels as long as there is continued bidding on 1 or more of the parcels. Bidding will close when 5 minutes have passed with no new bids on 1 or more of the parcels. Bidders may bid on any and/or all parcels at any time before bidding closes.
To bid at the online auction:
1. Download RECK AGRI MOBILE APP through the Apple App Store or Google Play OR visit www.reckagri.com and click on the Ken & Dorothy Mitchell Land Auction property page to register to bid.
2. Your registration must be approved by Reck Agri Realty & Auction before you may bid. See Bidder Requirements below.
3. If you have questions regarding the bidding process and/or registration, call Reck Agri Realty & Auction at 970-522-7770.

BIDDER REQUIREMENTS: Requirements for Buyer(s) to be approved to bid online: 1.) Review and agree to the terms and conditions of the detail brochure; 2.) Provide Reck Agri Realty & Auction verification of available funds to purchase the property and/or bank loan approval letter with no contingencies; and 3.) Sign and return to Reck Agri Realty & Auction the Bidder Approval Request form. Reck Agri Realty & Auction reserves the right to refuse registration to bid and/or bids from any bidder. Bidding increments are at the discretion of the Broker. Detail Brochure may be obtained by visiting Ken & Dorothy Mitchell Land Auction property page at www.reckagri.com or by calling Reck Agri Realty & Auction.

SALE TERMS/PROCEDURE: The “KEN & DOROTHY MITCHELL LAND AUCTION” is an online only auction with RESERVE. The Mitchell property to be offered as 3 separate parcels. Competitive bids will determine the outcome of the auction. Seller reserves the right to accept or reject any and all bids. Seller agrees not to accept and negotiate any contracts to purchase prior to auction date. Bids will be taken for total purchase price not price per acre.

SIGNING OF PURCHASE CONTRACT: Immediately following the conclusion of the auction, the highest bidder(s) will sign Brokerage Disclosure and will enter into and sign a Contract to Buy and Sell Real Estate (Land) for the amount of the bid. Required earnest money deposit to be in the form of a personal, business, or corporate check for 15% of the purchase price which is due upon the signing of the contract and to be deposited with Reck Agri Realty & Auction. Purchase contract will not be contingent upon financing. Terms and conditions in the detail brochure and announcements shall be incorporated and made a part of the contract. Sample contract is available within the detail brochure.

CLOSING: Buyer(s) shall pay in good funds, the balance of purchase price plus their respective closing costs, and sign and complete all customary or required documents at closing, which is on or before May 29, 2020. Closing to be conducted by Yuma County Abstract and the closing service fee to be split 50-50 between Seller and Buyer(s). Seller is completing a purchase of 19.26 acres from the adjoining landowner to correct a property line on Parcel #3. The closing may be extended to complete this transactions and/or due to circumstances and/or delays caused by COVID-19 mandates.

TITLE: Seller to pass title by Warranty Deed free and clear of all liens. Title Insurance to be used as evidence of marketable title and cost of the premium to be split 50-50 between Seller and Buyer(s). The Buyer(s) to receive a TBD title commitment within detail brochure, updated title commitment with Buyer(s) name, lender, purchase price, and all supplements and additions thereto after auction, and an owner’s title insurance policy in an amount equal to the Purchase Price after closing. Property to be sold subject to existing roads and highways; established easements and rights-of-way; prior mineral reservations; and other matters affected by title documents shown within the title commitment; and zoning, building, subdivision, and other restrictions and regulations of record. Title commitments are available for review within the detail brochure and at the auction and title commitment and exceptions will be incorporated and made a part of the Contract to Buy and Sell Real Estate (Land).

POSSESSION: Upon signing of contract and the earnest money clearing, Buyer(s) may enter onto the property and complete the necessary fieldwork to plant crops and/or to graze cattle. Any completion of fieldwork, planting of crops, and/or grazing of cattle does not constitute a farm lease. If Buyer(s) defaults and doesn’t close, all fieldwork, crop expenses, fence repair, etc and earnest money is forfeited to Seller. If closing does not occur due to the default of Seller, Seller to reimburse Buyer(s) for fieldwork completed at custom rates and invoiced crop expenses.

PROPERTY CONDITION: The prospective Buyer(s) should verify all information contained herein. All prospective bidders are urged to fully inspect the property, its condition, and to rely on their own conclusions and the property is being sold AS IS-WHERE IS, without warranty, representation or recourse to Seller.

WATER RIGHTS & EQUIPMENT: Seller to convey all Seller’s water rights, water wells, well permits, and equipment appurtenant to the property whether for irrigation or livestock use, including but not limited to the following: Well Permits #20998-FP and #17841-FP. The water rights are subject to the rules, regulations, and limitations of the Colorado Department of Water Resources and the local groundwater district. Water rights are being sold AS IS-WHERE IS without warranty or guarantee of any water right matters, pumping rates/adequacy of irrigation / livestock wells and condition of all irrigation equipment.

GROWING CROPS: No growing crops.

CREP PROGRAM: Parcel #1: 130.1 irrigated acres are eligible to be enrolled in CREP program upon idling the irrigation well and the irrigated acres to be planted grass. The CREP payment would be $27,581/year ($212/ac) for 15 years and the supplemental RRWCD CREP payment would be $780/year ($6/ac) for 15 years. Enrollment into this program is subject to the terms and conditions of the CREP program and approval from FSA.

FSA DETERMINATION: FSA base acres and yields to pass with the Parcels as designated within the detail brochure. Buyer(s) and Seller, at closing, to sign a memorandum of understanding stating the base acres and yields as designated within the detail brochure.

LEGAL DESCRIPTION: Legal descriptions are subject to existing fence/field boundaries or land-use trades, if any. If Parcels #2 and #3 sell separately and a survey is required to create a metes and bounds legal description, Seller to provide and pay for said survey. Seller & Buyer(s) agree that closing may be extended up to 30 days if necessary to complete said survey.

MINERALS: Seller shall reserve all oil, gas or other minerals, which the Seller owns and which are found on or beneath the subject premises, which reservation shall be for a period of 10 years from the recording of the deed and continuing so long as oil, gas or other minerals are being produced in paying quantities from the subject premises.

NOXIOUS WEEDS & CHEMICALS: There may be areas infested by noxious weeds, (i.e. rye, bindweed, canadian thistle, goat/Johnson grass, etc). The location of and the density of noxious weeds is unknown at this time.

ACREAGES: All stated acreages in the initial brochure, detail brochure, and visual presentation at the auction are approximate and are obtained from aerial photos from the FSA office. The county tax records may indicate different acreages and no warranty is expressed or implied as to exact acreages of property. All bids are for the total parcel without regard to exact acreage. There will be no adjustment in purchase price if acreage is different than what is stated in this brochure and/or stated at the auction.

REAL ESTATE TAXES: 2020 real estate taxes due in 2021, to be paid by Buyer(s).

MULTIPLE PARTY BID: If several parties go together and collectively bid on parcel(s) and the Multiple Party Bid is the highest bid, at the conclusion of the auction each party within the Multiple Party Bid shall identify and agree to sign separate contract(s), pay for their respective separate parcel(s) at closing, and pay for a metes & bounds survey and additional title insurance premium to create the legal description for their respective separate parcel. The collective purchase prices for the separate parcels shall equal the total Multiple Party Bid.

ANNOUNCEMENTS: The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. Reck Agri Realty & Auction and the Seller assume no responsibility for the omissions, corrections, or withdrawals. The location maps are not intended as a survey and are for general location purposes only. The prospective Buyer(s) should verify all information contained herein. All prospective bidders are urged to fully inspect the property, its condition and to rely on their own conclusions. All equipment and improvements are to be sold AS IS-WHERE IS, without warranty, representation or recourse to Seller. Reck Agri Realty & Auction and all other agents of Broker are or will be acting as a Transaction Broker. Announcements made by Reck Agri Realty & Auction, at the time of sale will take precedence over any previously printed material or other oral statements. Reck Agri Realty & Auction does not offer broker participation for the “KEN & DOROTHY MITCHELL LAND AUCTION”. Reck Agri Realty & Auction reserves the right to require bank references upon request and reserves the right to refuse bids from any bidder. Bidding increments are at the discretion of the Broker.

COPYRIGHT NOTICE: Photographs, videos, and Color & Detail Brochures are property of Reck Agri Realty & Auction and cannot be reproduced without permission. Auction photographs may be used by Reck Agri Realty & Auction in publications, marketing materials, and on its website.

How to Bid

How to Bid

Bidder Requirements

Prior to auction, Buyer(s) to review the terms and conditions as set forth in the Detail Brochure. Detail Brochure may be obtained by visiting auction property page at www.reckagri.com, or by calling Reck Agri Realty & Auction. Bidding via cell phone, internet, and/or bidding on someone’s behalf, must be approved by Reck Agri Realty & Auction 24 hours prior to auction.